On June 12th local time, after the US stock market rose, the CEO of AVGO predicted during a just concluded conference call that AI revenue for the 2024 fiscal year would reach $11 billion.
On that day, semiconductor concept stocks generally closed higher, with Arm Holdings up 8.11%, NVIDIA doubling its long ETF up 7.08%, Nanoelectronics, Sijiaxun, and Asheli Technology up more than 6.8% at most, Wanji Instruments MKSI, Qorvo, TSMC, Micron Technology, and Maywell Technology up more than 4.7% at most, NVIDIA up more than 3.5%, Lingyun Semiconductor, Qualcomm, STMicroelectronics ADR, Applied Materials, Asma ADR, and Ansemy up at least 3%, semiconductor ETF SMH up less than 3%, semiconductor sector ETF SOXX up more than 2.8%, Broadcom up more than 2.3%, and NXP up more than 1.8%. Gexin rose over 1.8%, while AMD rose over 0.9%, showing poor performance. AMD rose over 0.8%, Texas Instruments rose about 0.8%, Tower Semiconductor ADR rose about 0.5%, ASM International ADR rose over 0.1%, and Intel fell over 0.5%.